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Wednesday, March 11, 2015

Oil policy will conserve our Environment-EAC

The East African Community (EAC) ought to
originate oil and gas sector policies, which will promote sustainable
development of the natural resources, environmental issues, and ensure prudent
oil cash management systems NaijaAgroNet.

It was gathered by NaijaAgroNet
that Rwanda's Minister for Natural Resources, Vincent Biruta, said this while
speaking at the recently concluded seventh petroleum sector East African
conference in Kigali.

"Oil and gas industry activities should be
carried out in a sustainable manner, with clear mitigation measures in place to
safeguard the environment and bio-diversity and this will also play a big role
in combating climate change as impending oil production in region will ease
pressure on forests since most people rely on wood fuel... So, oil and gas
could be the best alternative, which will help reduce deforestation across the
region," Biruta said.

Due to the fact that the East African region has
confirmed massive oil and gas finds and this exposes the bio-diversity to risks
if appropriate care is not taken to defend the fauna and flora in the area.
To be specific, Uganda has over 6.5 billion barrels of commercial oil resources
in the Albertine Graben, which also hosts a national park.